Three new wallet addresses accumulate over 200,000 ETH in 5 days…Institutional buying signal
Summary
- It was revealed that three newly created wallet addresses accumulated a concentrated total of 207,000 ETH over five days.
- Based on transaction size and routes, these wallet addresses are assumed to be whales or institutional investors.
- In particular, one address was found to have deposited ETH withdrawn from Coinbase into the DeFi platform Aave V3.
Recently created wallets have been found to be accumulating massive amounts of Ethereum (ETH).
According to OnchainLens on the 24th (local time), three new addresses have accumulated a total of 207,000 ETH (approximately $640 million) over the past five days. Considering the transaction size and routes, these are presumed to be whales or institutional investors.
Specifically, one wallet address (0xd47) withdrew 32,902 ETH (approximately $119 million) from Kraken over the past five days, while another address (0x8eE) received a total of 138,345 ETH (about $501 million) from FalconX.
Additionally, the remaining address (0x4e4) was found to have withdrawn 5,600 ETH (approximately $20.51 million) from Coinbase and deposited it into the DeFi platform Aave V3.
Suehyeon Lee
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